Company No: 13951791 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

Marc Allinson

REGISTERED OFFICE	47 Micklegate
	York
	YO1 6LJ
	United Kingdom

COMPANY NUMBER

13951791 (England and Wales)

ACCOUNTANT	Morrell Middleton Auditors Ltd Chartered Certified Accountants
	Wellington House
	Aviator Court
	York
	YO30 4UZ

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	21,000		24,000
Tangible assets	4	19,222		23,625
		40,222		47,625
Current assets
Stocks	5	12,242		9,816
Debtors	6	240		0
Cash at bank and in hand	7	47,845		69,158
		60,327		78,974
Creditors: amounts falling due within one year	8	( 96,425)		( 117,562)
Net current liabilities		(36,098)		(38,588)
Total assets less current liabilities		4,124		9,037
Provision for liabilities	9	( 3,652)		( 4,819)
Net assets		472		4,218
Capital and reserves
Called-up share capital	10	100		100
Profit and loss account		372		4,118
Total shareholder's funds		472		4,218

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Redthorn Pubs Ltd (registered number: 13951791) were approved and authorised for issue by the Director on 09 September 2025. They were signed on its behalf by:

Marc Allinson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Redthorn Pubs Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 47 Micklegate, York, YO1 6LJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 April 2024	30,000		30,000
At 31 March 2025	30,000		30,000
Accumulated amortisation
At 01 April 2024	6,000		6,000
Charge for the financial year	3,000		3,000
At 31 March 2025	9,000		9,000
Net book value
At 31 March 2025	21,000		21,000
At 31 March 2024	24,000		24,000

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 April 2024	36,791		36,791
Additions	1,548		1,548
At 31 March 2025	38,339		38,339
Accumulated depreciation
At 01 April 2024	13,166		13,166
Charge for the financial year	5,951		5,951
At 31 March 2025	19,117		19,117
Net book value
At 31 March 2025	19,222		19,222
At 31 March 2024	23,625		23,625

5. Stocks

	2025		2024
	£		£
Stocks	12,242		9,816

6. Debtors

	2025		2024
	£		£
Other debtors	240		0

7. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	47,845		69,158

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	15,441		12,686
Taxation and social security	10,839		21,469
Other creditors	70,145		83,407
	96,425		117,562

9. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 4,819)		0
Credited/(charged) to the Statement of Income and Retained Earnings	1,167		( 4,819)
At the end of financial year	( 3,652)		( 4,819)

10. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100